Telecom Italia SpA, Italy’s largest phone carrier, is ready to back DAZN Group Ltd in its multi-billion-euro offer for broadcast rights to the country’s top soccer league, according to people familiar with the matter and to a confidential letter seen by Bloomberg. The former telephone monopoly last month reached an agreement with DAZN – subject to conditions – on a possible plan that would provide distribution and technological support as well as financing of about €1bn ($1.2bn) for its bid to broadcast the next three seasons of Italy’s Serie A league, the people said, asking not to be named since the deliberations aren’t public. DAZN, a streaming startup backed by billionaire Len Blavatnik
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